The crypto market has pared back its overall gains since the beginning of the week, but XRP has managed to maintain its bullish momentum. 📈 Part of this is due to a major court decision regarding the Securities and Exchange Commission (SEC) case against Binance, which Ripple is using in its ongoing regulatory battle.

Ripple's legal counsel, Michael Kellogg, argued that the Binance decision supports illegal sales of XRP that do not require "severe remedies" as the SEC claims. 🏛️

Last week, Judge Amy Berman Jackson rejected Binance's claims that secondary market sales of its BNB token constituted securities transactions.

This observation supports that providing clarity about the legality of different types of sales of XRP is the most important aspect of the Court's summary judgment decision, Ripple said.

After Torres ruled on Ripple nearly a year ago, XRP rose nearly 70% in one day and was relisted on many major exchanges. 🚀 The case marked a turning point in the crypto industry's ongoing battles with the SEC over whether other crypto assets or sales qualify as unregistered securities.

Bitcoin fell 2.1% on Tuesday, while Ethereum fell 1.4%. In comparison, assets targeted by the SEC – including XRP and Solana (SOL) – rose 1.2% and 3.4%, respectively.

What do you think about this? We are waiting your comments! 👇